[ANN][PSB] Pesobit, the currency for remittances and international cooperation

[Noojna]

Had a long meeting few hours ago.
Pesobit will be able to connect to the banking network.
There will be another platform that will act as your peso wallet which you can load up via your pesobits.
This peso wallet will be attached to the banking network meaning you will be able to buy load, pay your bills, load up your debit card and many more.
Your debit card will work as atm so it can be a remittance solution.
Your peso wallet can also be used for ecommerce using a tap and pay kind of system.

This is THE news we are all waiting for. The remittance system is gradually being put in place, good job Lutzow!

We can make way more money by holding PSB than by selling; if you sell PSB now for a quick profit, you have to find somewhere else to put your money that will pay as much as PSB and this is going to be difficult. Or worse, elsewhere you can also make a bad choice and lose money.

If you sell PSB now, maybe you will have to buy back in at a higher price.

100X or 10X your investment is only possible in Crypto in 2016, and will come gradually with the implementation of the remittance system, as this remittance procedure creates a constant and ever-growing demand for PSB.

You have to remember also that interest rates in the Philippines for locking Peso (PHP) money in a time deposit is around 1.125% at a bank, while with PSB people can earn a lot more (5%), so people using the remittance system will not cash in all their PSB.  This alone will create increasing demand for PSB.

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[serjent05]

Had a long meeting few hours ago.
Pesobit will be able to connect to the banking network.
There will be another platform that will act as your peso wallet which you can load up via your pesobits.
This peso wallet will be attached to the banking network meaning you will be able to buy load, pay your bills, load up your debit card and many more.
Your debit card will work as atm so it can be a remittance solution.
Your peso wallet can also be used for ecommerce using a tap and pay kind of system.

This is THE news we are all waiting for. The remittance system is gradually being put in place, good job Lutzow!

We can make way more money by holding PSB than by selling; if you sell PSB now for a quick profit, you have to find somewhere else to put your money that will pay as much as PSB and this is going to be difficult. Or worse, elsewhere you can also make a bad choice and lose money.

If you sell PSB now, maybe you will have to buy back in at a higher price.

100X or 10X your investment is only possible in Crypto in 2016, and will come gradually with the implementation of the remittance system, as this remittance procedure creates a constant and ever-growing demand for PSB.

You have to remember also that interest rates in the Philippines for locking Peso (PHP) money in a time deposit is around 1.125% at a bank, while with PSB people can earn a lot more (5%), so people using the remittance system will not cash in all their PSB.  This alone will create increasing demand for PSB.

It is still a word not a news, until the platform for that project is available and working, nothing had changed.  It is still in the writing /  Don't misunderstand me, I just wanted to be realistic, i support Pesobit and i have no doubt that this thing will be accomplished.

[Noojna]

Had a long meeting few hours ago.
Pesobit will be able to connect to the banking network.
There will be another platform that will act as your peso wallet which you can load up via your pesobits.
 
Your debit card will work as atm so it can be a remittance solution.
Your peso wallet can also be used for ecommerce using a tap and pay kind of system.

This is THE news we are all waiting for. The remittance system is gradually being put in place, good job Lutzow!

It is still a word not a news, until the platform for that project is available and working, nothing had changed.  It is still in the writing /  Don't misunderstand me, I just wanted to be realistic, i support Pesobit and i have no doubt that this thing will be accomplished.

Yeah pardon my poor choice of words, it's not news yet. I just wanted to convey that the PSB project is moving in the right direction and that the Dev is investing his efforts in the right place.

I did say that this system was gradually being put in place though 

[coinmenace]

what's next in the roadmap for the Pesobit? Remittance platform?

[cryptodv]

Best project so far I've invested in, in terms of progression! Keep it up dev. 

[malcovixeffect]

I don't see any future for this. 

[digaran]

What the hell happened to the price? before yobit lists PSB we  had a good 8k sat price but now I see it's around 3k sat.
Who dumped the coins to these low ranges? wtf I thought for once people would realize the potentials of a coin and stop manipulate it in exchanges.

[electronicash]

What the hell happened to the price? before yobit lists PSB we  had a good 8k sat price but now I see it's around 3k sat.
Who dumped the coins to these low ranges? wtf I thought for once people would realize the potentials of a coin and stop manipulate it in exchanges.

its not yobit's fault though.
maybe users will are trying to milk as much as they will try to grab more PSB later. i bet they'd be buying more when it goes back to its ICO price. it somehow happen to most coins with potential.

[akosipepot]

its not yobit's fault though.
maybe users will are trying to milk as much as they will try to grab more PSB later. i bet they'd be buying more when it goes back to its ICO price. it somehow happen to most coins with potential.

This is the reality mate not all investor want to hold an altcoin even though it has potencial.if they see that they are already in ROI they well dump there coin as much they have to earn some bucks and repeat again in the process.I know this coin will have fully potential.I always watch this movement on the market.

[malcovixeffect]

What the hell happened to the price? before yobit lists PSB we  had a good 8k sat price but now I see it's around 3k sat.
Who dumped the coins to these low ranges? wtf I thought for once people would realize the potentials of a coin and stop manipulate it in exchanges.

Dump incoming again. Dont be shocked people need to make money.

[hdn]

What the hell happened to the price? before yobit lists PSB we  had a good 8k sat price but now I see it's around 3k sat.
Who dumped the coins to these low ranges? wtf I thought for once people would realize the potentials of a coin and stop manipulate it in exchanges.

Dump incoming again. Dont be shocked people need to make money.

Thats normal in trading, for sure base on roadmaps psb price will climb up, shorterm trader take few sats but nomally longterm trader more success ex like monero n eth. Those patience will receive more profit.

[Dabs]

I believe it's typical. All coins go through a phase like this. At the very least you see adoption and the coin changes hands. Movement is good, even if the price goes down. Someone has to buy the pizza first.

[Lutzow]

Staking in now open in the online wallet.
It provides slightly higher rewards than your staking desktop wallets but will lock your coins for 30 days.
For now, it only consumes your Available Pesobits in the wallet. Within the next few days, we will also allow bitcoin payment.

To clarify on the announcement yesterday: The debit card that will work as Visa or Mastercard and withdrawable via ATM will be attached to another wallet outside of the current online wallet.
The current online wallet will be your Pesobit wallet. The other wallet will be your local currency wallet attached to the banking industry where you can top up your debit cards, pay bills or do a typical bank withdrawal.
The online wallet will have a connection to your Philippine Peso wallet so you can convert your Pesobit to Philippine Peso without going through the bitcoin network. There could also be another option for you to withdraw your Pesobit->Peso and that's via coins.ph API.
The Philippine Peso wallet attached to your wallet.pesobit.net has no name yet and it will be a registered company and need to comply with the government's rules and regulations and that includes customer verification (KYC).

It will be a long process but it could be complete and operational around late November or early December and this acts as the Recipient solution in the Remittance sector as overseas workers' families can easily receive their money using Pesobit Debit Card. The rates of Pesobit will use the existing conversion rates among all the exchanges.
Some overseas workers will then have to buy Pesobit using their bitcoin either via one of the exchanges, coinomi via shapeshift once complete or another service that allows local currency to Pesobit conversion.

It will be a continuous development aimed to make Pesobit as easily usable as possible acting as a better alternative and solution to current systems and the debit card solution is only one of the solutions and opens more opportunities. Some options also include NFC-based cards and mobile solutions for merchants that can act as a POS.

[wolverinex1282]

Staking in now open in the online wallet.
It provides slightly higher rewards than your staking desktop wallets but will lock your coins for 30 days.
For now, it only consumes your Available Pesobits in the wallet. Within the next few days, we will also allow bitcoin payment.

To clarify on the announcement yesterday: The debit card that will work as Visa or Mastercard and withdrawable via ATM will be attached to another wallet outside of the current online wallet.
The current online wallet will be your Pesobit wallet. The other wallet will be your local currency wallet attached to the banking industry where you can top up your debit cards, pay bills or do a typical bank withdrawal.
The online wallet will have a connection to your Philippine Peso wallet so you can convert your Pesobit to Philippine Peso without going through the bitcoin network. There could also be another option for you to withdraw your Pesobit->Peso and that's via coins.ph API.
The Philippine Peso wallet attached to your wallet.pesobit.net has no name yet and it will be a registered company and need to comply with the government's rules and regulations and that includes customer verification (KYC).

It will be a long process but it could be complete and operational around late November or early December and this acts as the Recipient solution in the Remittance sector as overseas workers' families can easily receive their money using Pesobit Debit Card. The rates of Pesobit will use the existing conversion rates among all the exchanges.
Some overseas workers will then have to buy Pesobit using their bitcoin either via one of the exchanges, coinomi via shapeshift once complete or another service that allows local currency to Pesobit conversion.

It will be a continuous development aimed to make Pesobit as easily usable as possible acting as a better alternative and solution to current systems and the debit card solution is only one of the solutions and opens more opportunities. Some options also include NFC-based cards and mobile solutions for merchants that can act as a POS.

Very nice update Dev.. it would more efficient and i think a lot cheaper if ofws be able to buy psb with the currency of the country they are in directly.. example is if i bought 1btc the exchange will charge me around 8dollars already which is the same amount if i used any remittance company fee for sending money.. another fees if i buy psb on exhchanges and exchange my psb to peso..

[Noojna]

This is why people like me want to sell PSB locally to Filipinas and Filipinos, directly, paid in local cash currency.

This can be done in whichever country they need PSB.

[wolverinex1282]

This is why people like me want to sell PSB locally to Filipinas and Filipinos, directly, paid in local cash currency.

This can be done in whichever country they need PSB.

I hope  dev team have future plans to work with local exchanges here in taiwan to add psb .. a lot of ofws more or less 100k , this move will create huge demand for psb for sure..

[bitwarrior]

This is why people like me want to sell PSB locally to Filipinas and Filipinos, directly, paid in local cash currency.

This can be done in whichever country they need PSB.

I hope  dev team have future plans to work with local exchanges here in taiwan to add psb .. a lot of ofws more or less 100k , this move will create huge demand for psb for sure..

I think that is already included on the roadmap. We just need to wait and trust the Pesobit Team will implement their plans successfully.

[ImHash]

I have found a critical bug in psb block chain involving poswallet.com specially.

[bitwarrior]

I have found a critical bug in psb block chain involving poswallet.com specially.

I recommend that you try to contact the Pesobit dev about this and provide more info. Thanks

[rudolfaxl]

What news today with PESOBIT..??